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Economy of Russia vs Slovakia compared: GDP & Debt

Updated on by Georank

Russia has a GDP of $2.56T compared to $155B for Slovakia, ranking 8/197 and 60/197 by economy size, respectively.

Russia has $440B in government debt (17.2% of GDP), compared to $95.3B (61.6% of GDP) in Slovakia.

Russia vs Slovakia GDP by year

Russia
Slovakia
1x
Year GDP, current $
Russia Slovakia
2025 $2,561,310,169,359 $154,530,066,507
2024 $2,186,462,268,813 $140,934,076,532
2023 $2,046,284,838,151 $133,578,518,424
2022 $2,292,495,097,681 $115,792,972,358
2021 $1,829,186,719,575 $120,511,265,913
2020 $1,493,075,894,362 $107,732,602,896
2019 $1,693,115,002,708 $105,843,498,304
2018 $1,657,328,773,461 $106,611,673,365
2017 $1,574,199,360,089 $95,978,130,735
2016 $1,276,786,350,881 $90,347,173,229
2015 $1,363,482,182,198 $89,178,548,717
2014 $2,059,241,589,895 $101,713,075,599
2013 $2,292,470,078,346 $99,134,277,850
2012 $2,208,293,553,878 $94,724,394,278
2011 $2,045,922,753,398 $99,705,104,723
2010 $1,524,916,715,224 $91,112,160,801
2009 $1,222,645,900,056 $89,342,984,698
2008 $1,660,848,058,303 $96,685,492,864
2007 $1,299,703,478,482 $77,019,443,089
2006 $989,932,071,353 $57,111,148,619
2005 $764,015,973,481 $48,823,790,951
2004 $591,016,690,732 $42,960,730,480
2003 $430,347,420,185 $33,761,723,946
2002 $345,470,494,418 $24,768,142,566
2001 $306,602,070,621 $21,377,597,035
2000 $259,710,142,197 $20,626,538,612
1999 $195,907,128,351 $20,813,421,086
1998 $270,955,486,862 $22,911,708,405
1997 $404,928,954,192 $22,026,728,498
1996 $391,724,890,744 $21,864,845,214
1995 $395,537,185,735 $20,306,095,054
1994 $395,077,301,248 $16,187,735,322
1993 $435,083,713,851 $13,991,963,247
1992 $460,290,556,901 $12,932,972,789
1991 $517,962,962,963 $11,952,983,608
1990 $517,014,446,228 $17,068,924,602
1989 $506,631,299,735 -
1988 $554,828,660,436 -

Data sources: World Bank | Economy & Growth (1988–2025, retrieved 2026-07-08).

GeoRank.org/economy/russia/slovakia | CC BY

GDP per capita in Russia vs Slovakia by year

Russia
GDP per capita

GDP per capita, PPP
Slovakia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Russia Slovakia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $17,847 - $28,544 -
2024 $15,219 $47,362 $25,993 $48,132
2023 $14,227 $44,269 $24,615 $45,974
2022 $15,894 $40,939 $21,318 $41,562
2021 $12,637 $38,638 $22,123 $38,346
2020 $10,280 $31,491 $19,735 $35,328
2019 $11,640 $30,964 $19,406 $33,986
2018 $11,399 $28,629 $19,573 $31,510
2017 $10,835 $25,778 $17,646 $30,246
2016 $8,804 $24,012 $16,636 $29,868
2015 $9,427 $23,994 $16,442 $30,148
2014 $14,277 $25,688 $18,771 $29,108
2013 $15,941 $26,020 $18,313 $28,075
2012 $15,402 $24,274 $17,517 $27,023
2011 $14,305 $22,790 $18,469 $26,202
2010 $10,675 $20,490 $16,899 $25,382
2009 $8,563 $19,390 $16,587 $23,077
2008 $11,635 $20,164 $17,974 $23,714
2007 $9,101 $16,648 $14,330 $21,232
2006 $6,920 $14,912 $10,629 $18,906
2005 $5,323 $11,822 $9,087 $16,570
2004 $4,102 $10,227 $7,997 $15,166
2003 $2,975 $9,255 $6,283 $14,088
2002 $2,378 $8,037 $4,606 $13,292
2001 $2,100 $7,361 $3,974 $12,367
2000 $1,772 $6,825 $3,828 $11,370
1999 $1,331 $5,914 $3,857 $10,726
1998 $1,835 $5,465 $4,250 $10,666
1997 $2,738 $5,700 $4,092 $10,137
1996 $2,644 $5,518 $4,069 $9,500
1995 $2,666 $5,613 $3,787 $8,812
1994 $2,662 $5,734 $3,028 $8,178
1993 $2,931 $6,420 $2,627 $7,569
1992 $3,099 $6,862 $2,438 $7,270
1991 $3,490 $7,858 $2,254 $7,623
1990 $3,494 $8,028 $3,221 $8,638
1989 $3,430 - - -
1988 $3,778 - - -

Data sources: World Bank | Economy & Growth (1988–2025, retrieved 2026-07-08).

GeoRank.org/economy/russia/slovakia | CC BY

Russia's GDP per capita is $17,847, ranking 68/197, compared to $28,544 in Slovakia, ranking 46/197. Adjusted for purchasing power (GDP per capita PPP), Russia ranks 50th at $47,362, while Slovakia ranks 49th at $48,132.

Economic indicators

Russia Slovakia
Gross domestic product
$2.56T
2025
$155B
2025
GDP rank
8/197
2025
60/197
2025
GDP growth
1%
2024-2025
0.81%
2024-2025
GDP per capita
$17,847
2025
$28,544
2025
GDP per capita rank
68/197
2025
46/197
2025
GDP per capita, PPP
$47,362
2024
$48,132
2024
GDP per capita PPP rank
50/197
2024
49/197
2024
Government debt
$440B
2025
$95.3B
2025
Debt-to-GDP ratio
17.2%
2025
61.6%
2025
Government debt per person
$3,068
2025
$17,597
2025
Government debt per person rank
105/185
2025
36/185
2025
Average annual personal income after taxes
$11,183
2026
$17,518
2026
Market capitalization of domestic companies
$650B
2023
$5.38B
2014
Number of millionaires
447,000
2026
n/a
Number of billionaires
147
2026
2
2026
Income share by richest 10%
25.1%
2023
18.8%
2023
Income share by poorest 10%
3.1%
2023
3.3%
2023
Government expenditure, % of GDP
39.1%
2025
48.7%
2025
Consumer prices inflation
8.7%
2024-2025
4%
2024-2025
Central bank interest rate
14.5%
2026
n/a
Unemployment rate
2.13%
2025
5.4%
2025
Population
142643173
5376239

Spending and national debt comparison by year

Russia
Spending

Debt
Slovakia
Spending

Debt
1x
Year % of GDP
Russia Slovakia
Government spending Government debt Government spending Government debt
2025 39.1% 17.2% 48.7% 61.6%
2024 36.7% 14.8% 47.5% 59.7%
2023 36.1% 15.2% 48.2% 55.8%
2022 35.1% 15.1% 43.1% 57.8%
2021 34.9% 16.5% 44.8% 60.2%
2020 39.2% 19.2% 44.5% 58.4%
2019 33.8% 13.7% 40.6% 48%
2018 32.6% 13.6% 39.7% 49.3%
2017 34.8% 14.3% 39.8% 51.4%
2016 36.6% 14.8% 40.9% 52.1%
2015 35.3% 15.3% 44.1% 51.6%
2014 34.9% 15.1% 42% 53.4%
2013 34.7% 12.3% 41.1% 54.6%
2012 34% 11.2% 40% 51.7%
2011 33.3% 10.3% 40.8% 43.3%
2010 35.5% 10.1% 41% 40.7%
2009 38.6% 9.92% 43.2% 36.4%
2008 32% 7.45% 36.5% 28.6%
2007 31.9% 8.03% 35.9% 30.4%
2006 29% 9.8% 38.2% 31.5%
2005 29.5% 14.9% 39.1% 35%
2004 29.6% 20.8% 38.4% 42%
2003 32.6% 28.3% 40% 43.6%
2002 33.8% 37.6% 46% 45.6%
2001 31.5% 44.4% 46.2% 51.4%
2000 30.7% 55.9% 53.2% 50.6%
1999 34.3% 92.4% 48.4% 47.1%
1998 39.7% 135.2% 46.2% 33.9%
1997 - 51.5% 48.6% 32.8%
1996 - 51.9% 52.8% 30.3%
1995 - 53.7% 47.8% 21.3%
1994 - 63.5% - -
1993 - 92.4% - -
1992 - 116% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1992–1996, retrieved 2026-07-08).

GeoRank.org/economy/russia/slovakia | CC BY

In 2025, Russia's government spending was $1T, accounting for 39.1% of its GDP, while Slovakia spent $75.3B, or 48.7% of GDP.

Debt-to-GDP ratio is 17.2% in Russia and 61.6% in Slovakia, ranking 175/185 and 74/185, respectively.

Government deficit by year

Deficit/surplus
Russia

Slovakia
1x
Year Deficit/surplus, % of GDP
Russia Slovakia
2025 -3.9% -5.02%
2024 -1.59% -5.5%
2023 -2.24% -5.3%
2022 -1.34% -1.56%
2021 0.78% -5.09%
2020 -3.99% -5.3%
2019 1.93% -1.21%
2018 2.92% -1.01%
2017 -1.47% -0.98%
2016 -3.67% -2.59%
2015 -3.39% -2.78%
2014 -1.07% -3.25%
2013 -1.16% -2.86%
2012 0.38% -4.37%
2011 1.43% -4.36%
2010 -3.19% -7.44%
2009 -5.89% -8.18%
2008 4.55% -2.54%
2007 5.59% -2.26%
2006 7.8% -3.57%
2005 7.6% -2.86%
2004 4.57% -2.36%
2003 1.35% -2.28%
2002 0.67% -8.35%
2001 2.99% -7.74%
2000 3.11% -12.7%
1999 -3.59% -7.25%
1998 -7.42% -5.37%
1997 - -6.24%
1996 - -9.72%
1995 - -3.43%
1994 - -
1993 - -
1992 - -
1991 - -
1990 - -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 0.15% -
1939 0.12% -
1938 0.16% -
1937 0.12% -
1936 0.1% -
1935 0.07% -
1934 0.25% -
1933 0.58% -
1932 0.06% -
1931 -1.12% -
1930 -1.62% -
1929 -0.4% -
1928 -0.4% -
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 0.69% -
1911 1.26% -
1910 1.52% -
1909 -0.15% -
1908 -0.83% -
1907 -0.86% -
1906 -3.19% -
1905 -7.72% -
1904 -5.13% -
1903 1.04% -
1902 -1.57% -
1901 0.14% -
1900 -0.36% -
1899 0.66% -
1898 0.03% -
1897 0.34% -
1896 1.3% -
1895 0.7% -
1894 1.43% -
1893 0.63% -
1892 -1.16% -
1891 -0.97% -
1890 0.01% -
1889 1.34% -
1888 0.88% -
1887 0.14% -
1886 -0.84% -
1885 -0.75% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1885–1940, retrieved 2026-07-08).

GeoRank.org/economy/russia/slovakia | CC BY

In 2025, Russia's government deficit, the difference between spending and revenue, was $100B, equivalent to 3.9% of GDP. This compares to Slovakia's deficit of $7.75B, or 5.02% of GDP.

Over the past 28 years, Russia recorded a fiscal deficit in 14 of those years, while Slovakia ran a deficit in 28 years. On average, Russia posted an annual surplus equal to 0.06% of GDP, compared to deficit of 4.43% of GDP for Slovakia.

Inflation comparison by year

Inflation
Russia

Slovakia
1x
Year Consumer prices inflation
Russia Slovakia
2025 8.7% 4%
2024 8.4% 2.76%
2023 5.9% 10.5%
2022 13.7% 12.8%
2021 6.7% 3.15%
2020 3.4% 1.94%
2019 4.5% 2.66%
2018 2.9% 2.51%
2017 3.7% 1.31%
2016 7% -0.52%
2015 15.5% -0.33%
2014 7.8% -0.08%
2013 6.8% 1.4%
2012 5.1% 3.61%
2011 8.4% 3.92%
2010 6.8% 0.96%
2009 11.6% 1.62%
2008 14.1% 4.6%
2007 9% 2.76%
2006 9.7% 4.48%
2005 12.7% 2.71%
2004 10.9% 7.55%
2003 13.7% 8.55%
2002 15.8% 3.13%
2001 21.5% 7.33%
2000 20.8% 12%
1999 85.7% 10.6%
1998 27.7% 6.67%
1997 14.8% 6.14%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/russia/slovakia | CC BY

Over the past 29 years, Russia has recorded an average annual inflation rate of 13.2%, compared with 4.44% in Slovakia. In 2025, inflation was 8.7% in Russia and 4% in Slovakia.

Top exports between countries

Russia
Export category Export value
Raw materials & minerals $3.07B
Miscellaneous $1.73B
Chemicals & pharma $109M
Machinery & equipment $88.2M
Metals $71M
Business & finance services $38.4M
Manufacturing & construction services $28.6M
Wood & paper products $24.5M
Transport & tourism services $10.8M
Textiles & consumer goods $9.95M
Slovakia
Export category Export value
Transport & tourism services $373M
Machinery & equipment $95.9M
Processed food, beverages & tobacco $50.9M
Chemicals & pharma $42.2M
Metals $18.1M
IT & IP services $8.82M
Textiles & consumer goods $7.74M
Miscellaneous $6.18M
Animal & marine products $5.54M
Raw materials & minerals $2.23M

Balance of trade

Russia Slovakia
Current account balance
$43.1B
2025
-$5.6B
2025
Current account balance ranking
14/190
2025
165/190
2025
Current account balance, % of GDP
+1.68%
2025
-3.63%
2025
Goods imports
$305B
2025
$117B
2025
Goods exports
$422B
2025
$117B
2025
Service imports
$94.8B
2025
$14.3B
2025
Service exports
$46.3B
2025
$14.7B
2025
Imports of goods and services, % of GDP
15.5%
2025
85.2%
2025
Exports of goods and services, % of GDP
18.2%
2025
85.1%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Russia Slovakia
Economic freedom 50.3 67.7
Economic freedom ranking 161/197 54/197
Property rights 18.6 82.6
Government integrity 22.8 57.2
Judicial effectiveness 22.8 70.5
Tax burden 81.9 75.4
Government spending 61.3 36.4
Fiscal health 94.4 69.6
Business freedom 51.4 71.1
Labor freedom 59.1 55.1
Monetary freedom 61.8 69.7
Trade freedom 69.4 79.4
Investment freedom 30 75
Financial freedom 30 70

Economic freedom comparison by year

Russia
Slovakia
1x
Year Economic freedom index
Russia Slovakia
2026 50.3 67.7
2025 51.6 68.4
2024 52 68.1
2023 53.8 69
2022 56.1 69.7
2021 61.5 66.3
2020 61 66.8
2019 58.9 65
2018 58.2 65.3
2017 57.1 65.7
2016 50.6 66.6
2015 52.1 67.2
2014 51.9 66.4
2013 51.1 68.7
2012 50.5 67
2011 50.5 69.5
2010 50.3 69.7
2009 50.8 69.4
2008 49.8 70
2007 52.2 69.6
2006 52.4 69.8
2005 51.3 66.8
2004 52.8 64.6
2003 50.8 59
2002 48.7 59.8
2001 49.8 58.5
2000 51.8 53.8
1999 54.5 54.2
1998 52.8 57.5
1997 48.6 55.5
1996 51.6 57.6
1995 51.1 60.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/russia/slovakia | CC BY

The Economic Freedom Index for Russia is 50.3, ranking 161/197, compared to 67.7 for Slovakia, ranking 54/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Russia Slovakia
Services, % of GDP
58.9%
2025
59.8%
2025
Industry, % of GDP
29.7%
2025
28.1%
2025
Agriculture, forestry, and fishing, % of GDP
3.06%
2025
1.59%
2025
GNI, Atlas method
$2.33T
2025
$143B
2025
GNI per capita, PPP
$49,220
2025
$47,920
2025
Total reserves including gold
$608B
2024
$18.2B
2025
Total reserves ranking
6/177
2024
69/177
2025
Net foreign direct investment
-$12.4B
2025
-$198M
2025
Net inflows of foreign direct investment
-$9.35B
2024
$5.01B
2024
Net outflows of foreign direct investment
-$170M
2024
$2.24B
2024
Servicing debt to the IMF, % of GNI
2.63%
2024
n/a
Poverty at national poverty lines
7.2%
2024
13.7%
2021
Gross capital formation, % of GDP
25.9%
2025
20.1%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/russia/slovakia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1885–1996, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.